Tim L. Peckinpaugh, Cliff L. Rothenstein, Ankur K. Tohan and Molly K. Barker
May 26, 2020
On May 19, the President issued an Executive Order on Regulatory Relief to Support Economic Recovery (“EO”) in the wake of the lifting of COVID-19 shelter-in-place orders across the country. The EO directs all federal agencies to “rollback” regulations that are inhibiting economic recovery. The EO is open-ended on the timing so it could be in place for an extended period. It will undoubtedly have widespread impacts on how businesses plan and conduct operations and what their regulatory obligations will be going forward. For companies facing burdensome regulations or seeking a permit amid plummeting revenues, the EO may prove to be beneficial by providing them with an outlet for getting some regulatory relief or an expedited permit approval. For others, the EO may arrive as unwelcomed news due to the uncertainty and potential for litigation that it carries with it. In either case, our K&L Gates regulatory and policy teams can advise stakeholders on the opportunities and landmines they may face as the EO is implemented.